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Join us at EartH Hackney on Monday 16 February to see Ash Sarkar in conversation with Aaron Bastani, discussing ‘Why the Right is Winning’:
https://dice.fm/event/wwrypg-downstream-irl-aaron-bastani-in-conversation-with-ash-sarkar-16th-feb-earth-london-tickets

Sign up for the new Downstream Newsletter here: https://novaramedia.com/newsletters/the-downstream-newsletter/

When it comes to the relationship between capitalism and crime, those on the left generally think of exploitation. People often turn to crime, so the thinking goes, because they can’t make ends meet by legitimate means. Whatever your views on that framing, there is also another – far less discussed – connection between capitalism and crime, namely the relationship between elites, the shadow economy and money laundering.

​On Downstream this week, Aaron Bastani talks to Oliver Bullough about his latest book: Everybody Loves Our Dollars: How Money Laundering Won. Bullough explains how money laundering, as a global phenomenon, is estimated to be worth trillions of dollars a year. What makes such industrial-scale crime even possible is, ironically, the basic infrastructure that permits globalised trade in the first place: a basket of important currencies, centring on the American dollar.

So while the White House talks about the war on drugs, or the war on crime, the currency being issued by the Federal Reserve – America’s bank – is what makes much of that crime profitable at all. It turns out, according to Bullough, that while elected officials talk tough, they generally fail to take necessary steps to curb the global flow of dirty money. While completely eliminating laundering may never be possible, making a start is easier than you think.

What is money laundering, and why should you care about it? How does it look different in places like China and Russia when compared to the United States or Europe? Is it really like the TV shows? What do vape shops, NFTs and luxury watches all have in common? And is rampant criminal activity much more common, and closer to home, than we are led to believe?
​
00:00 Intro
03:14 Trillions of Dollars Laundered Each Year
07:50 Money Laundering Is Getting Easier
12:16 We’re Losing the Fight Against Money Laundering
15:46 What TV Depictions of Money Laundering Get Wrong
21:41 Bicester Village and Smuggled European Luxury Goods
26:32 The Vancouver Model: Chinese Gangs, Gamblers, and Drug Money
31:57 The Rise and Inefficacy of Debanking
39:28 The Islamophobia of Debanking
45:32 The Paradox of Bank Notes
56:59 Are We Living in Times That Are Perfect for Criminals?
1:01:13 Tether: The Most Valuable Company You’ve Never Heard Of
1:07:37 Why Right-Wingers Love Crypto
1:10:36 NFTs
1:11:26 Governments Are Completely Failing to Tackle Money Laundering
1:14:45 Vape Shops and Compliance
1:17:33 Money Laundering is Everywhere
1:21:51 Policy Solutions

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Welcome to your FOX Business Recap! This week, global markets were shaken by a crypto-geopolitics clash, we saw explosive claims about the stability of China’s military command, and Elon Musk made a new power play lauded by Kevin O’Leary. #crypto #bitcoin #financialnews #foxbusiness #politics #china #iran #digitalassets #businessnews #regulation

Catch up on the MUST-SEE stories from the past five days

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Buying a house can cost more than you think.

JL Collins explains that home ownership often raises your cost of living far beyond the mortgage itself. He warns that buyers are frequently encouraged to borrow the maximum they can afford, which can leave them financially exposed.

Ongoing expenses like maintenance, taxes, and upgrades add up quickly. He suggests viewing a home as an expensive lifestyle choice rather than a guaranteed investment, while noting that ownership can still have real psychological benefits.

Do you think a home is more about lifestyle or money?

#podcast #money #renting

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2nd Channel @ZacV2
My TikTok https://www.tiktok.com/@zacrios?_t=ZT-90LyuVCSxLr&_r=1

Chapters
0:00 Subscribe!
0:38 1st
2:04 Comment
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3:31 3rd
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5:40 Your Comments
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This video is just for entertainment purpose and does not intent to harm any sentiments and privacy
we don’t recommened anyone to mimic same actions and get in serious trouble just watch the video for entertainment and enjoy .
Everything in this video was shot with proper paperwork and permission and is just a act not a real life thing so treat this video as a entertainment video and stay calm

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Bajaj Finance Personal Loan 2026 – In this video, you will get complete and updated information about Bajaj Finserv Personal Loan. We explain who can apply, eligibility criteria, interest rates, documents required, loan amount, tenure, EMI calculation, and the online application process.

This video is made only for educational and informational purposes. We do not promote or guarantee loan approval. Loan approval, interest rate, and eligibility depend on Bajaj Finance policies, your credit score, income, and documents.

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